Apollo Currency (APL) Review & Analysis – Apollo Coin Review

Apollo Currency

“The Ultimate Currency”

Network Token

Apollo is an all-in-one currency offering its users endless possibilities that go beyond making secure payments for goods and services. Apollo is a universal currency that can be tailored to use in almost every sector of life and business.

From the creation of token shares for corporations, to the founding and management of highly secured decentralized organizations. The full potential of blockchain technology will be pushed to its limits within Apollo.

A Few Features:

Ultimate Privacy – Coin shuffling is an additional privacy feature allowing your Apollo, as well as other assets or currencies held in the account, to be simply and randomly shuffled between user accounts. This allows an account holder to anonymize their funds and transactions nearly instantly.

Decentralized Exchanges – The Apollo data cloud allows any user to upload data to the blockchain for storage, retrieval and publishing of information. This gives a user the ability to upload a file to the blockchain, therefore receiving an irrefutable timestamp for that data. This timestamp could be helpful in establishing an absolute date for legal documents such as contracts and intellectual ownership. Possible use cases: Voting, Permits, Evidence, Court Records, Transparency, Death/Birth Certificates, Contracts, Wills, Trusts, Escrows, Maps, GPS Data, Signatures, Medical Records, Arbitration, Delivery Records, Certifications, etc.

Financial Systems – Using the Apollo asset system, a user can issue, buy, sell and trade asset tokens intended to represent anything from public and private equity to real world commodities. Unlike other markets and cryptocurrencies, users will be able to trade these assets with 100% privacy. Possible use cases: Assets, Commodities, Derivatives, etc.

“Utilizing a community of world-class developers, managers, marketers and researchers, the Apollo community, backed by the Apollo Foundation, has accomplished its goal in becoming the Word’s fastest, most private and most feature-rich cryptocurrency. Apollo was developed for the sole purpose of offering every mainstream cryptocurrency feature on one untraceable platform. The Apollo team is here because they believe the only person or entity that should be in control of your funds is you.”

Positives

Apollo Currency has one of the most feature rich platforms we’ve seen in a while. While we do have our concerns about projects attempting “too much”, the library here is impressive in scope. Low transaction fees, near instant transaction times and staking are here as expected from a POS coin as well as privacy features such as Coin Shuffling, IP Masking, Coin Mixing, etc. An extensive asset trading system is available along with other features such as Decentralized File Storage and Marketplaces. It’s safe to say that if it can be decentralized, Apollo is after a piece of the market.

One of the more impressive things we came across when researching Apollo Currency was just how much progress they’ve made over the past 2 years. After hitting the scene in January 2017, the Team has done more than a lot of ICO funded projects that popped up in late 2017 and the fact that Apollo was distributed as an airdrop says a lot about the Teams determination and dedication. 2018 was a big year for the project which saw the release of various features, exchange listings, wallet releases and of course the big release of Hermes 1.0 (now 2.0) and Olympus 2.0 which saw transaction times decrease drastically, bringing the project another step forward and up to speed with some other projects that popped up in the later half of 2018. 2019 looks nearly as jam packed as the past year with a new wallet coming this quarter (Q1 2019) and several new updates to Hermes and Olympus. Considering transaction speeds are as fast as they are, we’re interested to see what else is improved with these new releases. Look forward to a Decentralized Exchange (DEX) and eventually even Smart Contracts running on the platform later in 2019.

Although we’ve mentioned in our concerns section about the dangers of going after too many sectors or working on too many features instead of making just a few the best they can be, Apollo Currency has the opportunity to really shake things up if they can take their time and get things right. We’ve seen a few projects in this space suffer from 51% attacks, wallet vulnerabilities, various exploits and many other issues and these projects hardly recover after being destroyed on social media channels such as Reddit/Twitter. If the Team can keep token holders up to date on the progress of each feature being built/updated and market these products effectively, they may be able successfully inject themselves into each sector of the cryptocurrency space. At the time of writing (January 2019), Apollo Currency is still very much in the growing phase and for investors in the APL token it will no doubt be a long term hold considering the scope of the project.

We usually only look at a project from a fundamental analysis point of view but when we review a project that has a community so dedicated to seeing the project succeed, we have to include that as a positive. Apollo Currency isn’t breaking past the competition just yet and without a community dedicated to pushing the use of APL and being part of the marketing efforts that are required to get a project in front of the eyes of big, long term investors/users, most projects fail before they even get a chance to compete. From what we’ve seen over the past few weeks, Apollo Currency has a community that is sometimes frantic in their advertisement of Apollo but for the most part, willing to educate those who aren’t aware of the project. FUD aside, there are people in the Apollo Currency community that are actively promoting the use-cases the project presents in an educational way. A project can spend hundreds of thousands of dollars on a fancy marketing campaign but a dedicated community will beat that every time.

Being a fork of NXT, Apollo Currency adopts a lot of the same tech but obviously with some alterations. Seeing as distribution was done via an airdrop rather than an ICO, the Apollo Currency Team is incentivized to see the project succeed as token holders themselves. Considering Apollo Currency could be partly categorized as a “Privacy Coin”, it’s great to see the Team is out in the public with profiles available to view. Time and time again we’ve expressed our opinion on projects with anonymous Team members and have pointed out the limitations this puts on a project specifically regarding communication and marketing issues. It doesn’t look like Apollo Currency will be having any issues here with a Team that is experienced and slightly larger than most projects in this category.

Concerns

The first and probably the one major concern we have regarding Apollo Currency is its claim to be “the ultimate currency”. We’ve seen similar tags placed on other projects touting the most features, most use-cases, etc and we’re yet to find one that can handle developing so many features at once. It’s the classic “jack of all trades is a master of none” situation where those projects that do focus specifically on a few features will usually secure their spot in a niche because they do what they do and they do it well. While we’d love to see Apollo tackle Smart Contracts, Decentralized File Storage, Equity Trading and all the other features they are planning on implementing, it paints a long road ahead while other projects who specialize in just one of these areas have time to secure the market share of that category. An all-in-one coin would be awesome, but is there a reason we don’t have one yet? Something to consider although this concern doesn’t rest solely on Apollo but rather “all-in-one” coins in general.

Continuing on a bit from our previous point about Apollo Currency being a bit overwhelming in regards to platform features. Apollo Currency will (despite it’s recent run) be a long term hold if you’re planning to see the project develop and grow. With so many features planned, it’ll take a lot longer to implement features that other coins tailoring to specific niches will. Comparing two feature rich projects; take a look at Cardano (ADA) and you’ll see that it took years to garner the attention it has, even with an incredible Team behind it. Apollo will be no different in this regard. There are plenty of potential “all-in-one” solutions with similar goals so it’s a race (a long race) to the finish in order to claim the throne. Despite the recent volatility, don’t expect it to topple Bitcoin in the next few years. Be realistic. Be patient.

You’ll notice we haven’t gone into any of the FUD surrounding Apollo Currency in this review. When we took a look into what all this “FUD” was about, it boiled down to either purely opinionated hate with no substance or accusations that came with no proof (that hasn’t already been cleared up by the Team). Because we focus on the fundamentals of a project, this isn’t a major point in our review as we’ve seen top 10 coins such as Tron (TRX) go through and continue to go through rounds of FUD over the past year despite being far from a “scam” or a “shitcoin”. Until we see some clear evidence that the Apollo Team has really messed up with no attempt at an explanation, use your own judgement and as always, do your own damn research.

Price Speculation

Please note: This Price Prediction section was a feature voted on by our community on Twitter. We do not stand by any of the following statements, we are merely speculating. We have been known to be pretty bullish on most projects we review, so take our predictions and DYOR.

As always, we like to take a step back and look at projects from a purely investment based perspective. APL will no doubt see a ton of organic price growth through exchange listings and planned marketing in the future. Any investments now would have a pretty good chance of appreciating from these catalysts although it should be noted that at the time of writing APL has seen a very strong run up in price, so pick your entry carefully as things inevitably cool down (January 26th, 2018). Now sitting at around a $22m Market Cap after an impressive run to $47m from a $7m Market Cap back in December 2018, APL still has a huge amount of growth potential in the long term based on fundamentals but like we said previously, pick your entries. FOMO is a b***h and everything retraces eventually when people take profits. We’ve seen how coins similar to Apollo Currency run during bull markets and you can assume Apollo Currency will get the same treatment if the past 2 months have been any example of how it can run independent from Bitcoin. Always DYOR and if you’re betting on Apollo Currency for the long term, make sure you’re a part of the community so you’re kept up to date with the latest updates as the project progresses.

Short term (< 3 Months) We think APL could be sitting anywhere from a stable $0.0015 to $0.002 taking the current market conditions into consideration. (January 2019)

Mid Term (6 – 12 Months) we think APL could be a stable $0.004 to $0.006, especially if the market turns around in the next few months.

Anywhere past 12 months would be impossible to accurately speculate on but we’d be confident on a $0.01+ APL in 1+ years, especially if APL can get those Smart Contracts running on Hermes 4.0.

The current circulating APL supply is just over 14.6 Billion (January 2019), so a $0.01 APL would see a return to that $146m+ valuation. Is this a high prediction? Absolutely. We’ve seen how APL has run up in price recently and now that people are hearing about Apollo Currency, this kind of growth could be the start of a larger run in the long term.

As with any investment, you absolutely must do your own research. We are by no means providing financial advice. Be smart!

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